1005 Craig St Selma, VA 24426
Alleghany Square, located at 1005 S. Craig Street in Covington, Virginia (zip code 24426), offers a prime retail opportunity in a vibrant market. This multi-tenant strip center boasts a total of 112,469 square feet, situated on a spacious 5-acre lot. Currently, there are two available spaces, each offering significant flexibility. One space offers a minimum of 26,000 square feet, while the maximum contiguous space available is 27,104 square feet. A substantial 53,104 square feet is currently vacant, presenting a unique opportunity for expansion or multiple tenants. The property features ample parking with 364 spaces to accommodate customers and employees. The center is conveniently located in Alleghany County, Virginia, providing easy access for both local residents and commuters. This is an exceptional opportunity for businesses seeking a prominent location with substantial space in a thriving community. The property's size and location make it ideal for a variety of retail uses. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.